Shupe v. Rocket Companies, Inc. et al
Case Number:
1:21-cv-11528
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Goodwin Procter
- Harris St. Laurent
- Honigman LLP
- Labaton Keller
- Morganroth & Morganroth
- Pomerantz LLP
- Schenk & Bruetsch
- Sullivan & Cromwell
- Weitz & Luxenberg
Companies
Sectors & Industries:
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January 29, 2024
Rocket Investors Want Class Cert. Despite Meme Stock Surge
Rocket Mortgage shareholders said a social media-driven surge in the company's stock price shouldn't tank a class certification bid, because even during the so-called meme stock event, the stock price still reflected alleged misrepresentations about the mortgage lender's financial health.
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December 11, 2023
Rocket Mortgage Says Reddit 'Frenzy' Dooms Class Cert. Bid
Rocket Mortgage has asked a Michigan federal judge to nix a class certification bid in investor litigation alleging the company hurt investors by hiding a downturn in demand for certain loans, arguing that a Reddit "frenzy" over its shares is a sign it was trading in an inefficient market during some of the proposed class period.
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August 31, 2023
Rocket Mortgage Investors Seek Cert. In Loan Downturn Suit
Investors in the parent company of Rocket Mortgage have asked a Michigan federal judge to certify their proposed class in a suit alleging the company failed to disclose a downturn in demand for certain loans, hurting shareholders after trading prices for its shares fell once the company acknowledged the trend's damage to its revenues.
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July 05, 2023
Rocket Mortgage Can't Trim Investors' Fraud Suit
A Michigan federal judge has denied Rocket Mortgage's renewed bid to whittle down the number of actionable statements in a securities fraud suit against it, ruling that the request was not worth considering because it would not change the fact that the lender must face investor claims.